BMO Capital analyst Jeremy Mccrea maintained a Buy rating on Topaz Energy Corp (TPZ – Research Report) yesterday and set a price target of C$32.00.
Jeremy Mccrea has given his Buy rating due to a combination of factors including Topaz Energy Corp’s strategic positioning and unique assets. The company is distinguished by its royalties across Canada’s most active plays, particularly benefiting from newer infrastructure facilities and high productivity rates in the basin.
Furthermore, Topaz’s recent acquisition in the Pouce Coupe Montney region, which includes a Gross Overriding Royalty and infrastructure interest, offers a compelling growth opportunity at an attractive valuation. This acquisition, combined with a fixed take-or-pay agreement and expected future developments, positions Topaz for increased investor recognition and potential growth through 2025.
According to TipRanks, Mccrea is a 5-star analyst with an average return of 15.4% and a 50.00% success rate. Mccrea covers the Energy sector, focusing on stocks such as Baytex Energy, Obsidian Energy, and Tamarack Valley Energy.
In another report released on January 20, RBC Capital also maintained a Buy rating on the stock with a C$32.00 price target.